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Bookmaker

also referred to as: bookmakers

2 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Dec 12, 2024 by Jon Robin · across every show →

Everything said about Bookmaker, oldest first

Dec 12, 2024
Insight
Robin: Bookmakers are only exposed if pricing error exceeds built-in margin
“The house has an edge, so you don't need to be slightly wrong to be exposed, you need to be fairly wrong to be exposed, like, you need to be more wrong than the margin, the edge that you put in there.”
Jon Robin Dec 12, 2024 ▶ 21:49 His sports betting app went from $0 to $10M ARR in a year—& to $150M ARR in 4. Here's how he did ... · PMF Show
Dec 12, 2024 bearish
Insight
Consumers can only beat bookies by grinding promotions and boosted odds.
“The one way that anyone can make money on sports betting is through the promotions, like the signup offers and the ongoing, like, you know, boosted odds, boosted prices or deposit matches. So if you're very disciplined and you're willing to grind it out for re…”
Jon Robin Dec 12, 2024 ▶ 3:20 His sports betting app went from $0 to $10M ARR in a year—& to $150M ARR in 4. Here's how he did ... · PMF Show
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